One Site with Three Separate Tenancies Sold in Front of a Large Crowd in Armadale

Tom Maule and Jonathon McCormack of Gorman Commercial sold 59A & 61 Armadale Street and 12 Fetherston Street, Armadale under the hammer for $3,376,000. The property sold for $300,000 over reserve on a 3.67% yield and on a land rate of $10,890 psm. This property presented a rare opportunity to acquire three separate tenancies, including the longstanding well-known tenant, Coin Laundry Café directly opposite Armadale Train Station.